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One way to speed up your debt payoff would be to decrease your interest rate. In case you've got high-interest debt you want to get a lower interest rate on, have a look at Credible, which features loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to produce passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55% that's unreal.

While this wont make you filthy rich, it will be a safer way to create consistent income and not lose your money since CIT FDIC insured.

 

 

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Once the initial task of creating the book is done, selling books can be a great way to create some serious residual income.

Once your book can be found on a website like Amazon, you can receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the longer you spend marketing your publications, the more money youll make.

Have you got an extra room that you seldom use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying at a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the room following a guess leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 per month renting out their bedrooms.

 

 

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In case you've got a website already then this is a no-brainer.  Some people are making over $50,000 a month just like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

If you dont have a web site, you can begin one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so that it can be seen on the Internet.   Click here to find special pricing of $2.95/month with Bluehost.

Affiliate marketing can be a great way to make passive income. That is because when people click on the affiliate links on your site, you are given a commission at no additional cost to them. All they need to do is buy a service or product.

 

 

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Another way to produce passive income is to create a lead generation website. Lead generation websites exist to give warnings to local businesses.

 

 

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So, lets say you produced a lead generation site that focuses on real estate. Youd utilize the website to educate individuals about home ownership. Or, youd educate them about real estate investing.

 

 

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Within the site youd have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.

 

 

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The real estate professional would cover you to the lead. Its a warm lead and not a cold lead, so professionals would be more willing to pay.

 

 

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You could also make money by having advertisers on your site. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your website at the top of search engine pages will be critical to success.

 

 

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Did you know you can sell your own products you can try here on Amazon and have them even ship the goods for you I really have a friend who has done very well with this he makes six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping website. You will find sites that will pay you each time you shop at certain online retailers.

 

 

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You just download the websites browser extension and each time youre on an e-commerce site thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

Using their double money back specials, you can double your passive income earnings if the right items go on sale.

Again, your earning strategy goes out the window if you purchase things you dont need simply to earn rewards. Just go about your shopping as usual, and potentially earn a nice cash bonus in the procedure.

 

 

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With the explosion of eCommerce, drop shipping has become extremely popular.  Here's how it works: you make an online store that offers products from certain manufacturers.

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